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levacccp [35]
1 year ago
12

Sam knows that his annual homeowners insurance premium is $0.27 per $100 of value, which usually works out to be $683.10 annuall

y. But Sam is confused by a letter from his insurance company telling him that an increase in the value of his home has led to an increase in his annual homeowners insurance premium. He is now being charged an annual premium of $720.90. Based on the increase in his annual homeowners insurance premium, what was the increase in his home's value? (Note: The cost is still $0.27 per $100, even though the annual premium went up.)
Mathematics
1 answer:
valentina_108 [34]1 year ago
7 0

Answer:

C. $14,000

Step-by-step explanation:

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Two professors are applying for grants. Professor Jane has a probability of 0.61 of being funded. Professor Joe has probability
Anna11 [10]

Answer:

  • a. 0.1647;
  • b. 0.7153;
  • c. 0.4453.

Step-by-step explanation:

By definition, if two event A and B are independent, then

P(A\cap B) = P(A) \cdot P(B). (P(A\cap B) is the probability that the outcome of both event A and event B are true.)

<h3>a.</h3>

Since the outcome of these two events are independent,

\begin{aligned}P(\texttt{Jane} \cap \texttt{Joe}) &= P(\texttt{Jane}) \cdot P(\texttt{Joe})\\ &= 0.61 \times 0.27 \\&= 0.1647\end{aligned}.

<h3>b.</h3>

The logic not operator \lnot or the prime superscript ^{\prime} denotes that an event does not happen.  

P(\texttt{Jane}^{\prime}) = 1 - P(\texttt{Jane}) = 1- 0.61 = 0.39.

P(\texttt{Joe}^{\prime}) = 1 - P(\texttt{Joe}) = 1- 0.27 = 0.73.

Since the two events \texttt{Jane} and \texttt{Joe}, \texttt{Jane}^{\prime} and \texttt{Joe}^{\prime} are also independent. Probability that neither professor got funded:

P(\texttt{Jane}^{\prime} \cap \texttt{Joe}^{\prime}) = P(\texttt{Jane}^{\prime}) \cdot P(\texttt{Joe}^{\prime}) = 0.39 \times 0.73 = 0.2847.

Probability that at least one professor got funded- in other words, it is not true that neither professor got funded:

P((\texttt{Jane}^{\prime} \cap \texttt{Joe}^{\prime})^{\prime}) = 1- P(\texttt{Jane}^{\prime} \cap \texttt{Joe}^{\prime}) = 0.7153.

<h3>c.</h3>

Similarly, since the two events \texttt{Jane} and \texttt{Joe}, \texttt{Jane} and \texttt{Joe}^{\prime} are also independent. Probability that Jane but not Joe got funded:

P(\texttt{Jane} \cap (\texttt{Joe}^{\prime})) = P(\texttt{Jane}) \cdot P(\texttt{Joe}^{\prime}) = 0.61 \times 0.73 = 0.4453.

4 0
1 year ago
PLEASE HELP!
melamori03 [73]

Answer:

The answer is C.

Step-by-step explanation:

The $13 he started off with is the y-intercept or the initial value, which is the point where x=0.

The x-intercept, or rate of change, is $8.50.

The slope intercept formula is y=mx+b, where m=8.5 and b=13.

The equation for this problem is y=8.5x+13.

So the answer is C

4 0
1 year ago
The final velocity, V, of an object under constant acceleration can be found using the formula uppercase V squared = v squared +
Anon25 [30]

Answer:

StartFraction uppercase V squared minus v squared Over 2 s EndFraction = a

Step-by-step explanation:

8 0
2 years ago
Read 2 more answers
Shelby is an entrepreneur who has decided to open a small advertising firm. She rents office space at a cost of $25,000 per year
mestny [16]

Answer:

$ 125,000

Step-by-step explanation:

Given,

The amount of rent = $ 25,000,

The salary of assistant = $ 30, 000

Expenses = $ 20,000,

Also, her best alternative is to work elsewhere and to earn a salary of $50,000 per year.

Thus, the investment in the firm = 25000 + 30000 + 20000 + 50000

= $ 125,000,

Now, if she earns zero economic profit,

Then her revenue = investment

= $ 125,000

7 0
1 year ago
Read 2 more answers
What is the axis of symmetry for f(x) = −3x2 + 18x − 7?
katrin2010 [14]

The axis of symmetry of a parabola like

y=ax^2+bx+c

is a vertical line of the form

x = k

where k is the x coordinate of the vertex of the parabola.

In particular, the x coordinate of the vertex of the parabola is given by

x = -\dfrac{b}{2a}

which in your case becomes

x = -\dfrac{18}{-6} = 3

So, the axis of symmetry is the line

x=3

4 0
2 years ago
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